Burney Co. Sells 400 Shares of GATX Co. (NYSE:GATX)

Burney Co. lessened its position in GATX Co. (NYSE:GATX) by 11.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,230 shares of the transportation company’s stock after selling 400 shares during the period. Burney Co.’s holdings in GATX were worth $428,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in shares of GATX by 76.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 37,134 shares of the transportation company’s stock worth $4,915,000 after purchasing an additional 16,054 shares during the last quarter. Bank of New York Mellon Corp increased its position in GATX by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 378,274 shares of the transportation company’s stock valued at $50,068,000 after acquiring an additional 5,686 shares during the last quarter. Fifth Third Bancorp lifted its holdings in GATX by 0.3% in the second quarter. Fifth Third Bancorp now owns 34,792 shares of the transportation company’s stock valued at $4,605,000 after acquiring an additional 96 shares during the period. Nisa Investment Advisors LLC boosted its position in GATX by 1.2% in the second quarter. Nisa Investment Advisors LLC now owns 10,318 shares of the transportation company’s stock worth $1,366,000 after purchasing an additional 118 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of GATX by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 347,451 shares of the transportation company’s stock valued at $45,989,000 after purchasing an additional 20,985 shares during the period. Institutional investors own 93.14% of the company’s stock.

GATX Stock Performance

Shares of NYSE GATX traded down $0.05 during midday trading on Thursday, hitting $139.77. 59,793 shares of the company’s stock traded hands, compared to its average volume of 151,723. The company has a debt-to-equity ratio of 3.52, a quick ratio of 4.97 and a current ratio of 4.97. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 19.92 and a beta of 0.96. The firm has a fifty day moving average of $137.26 and a 200 day moving average of $133.15. GATX Co. has a 1 year low of $97.21 and a 1 year high of $151.33.

GATX (NYSE:GATX) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.39). GATX had a return on equity of 10.61% and a net margin of 15.86%. The business had revenue of $386.70 million during the quarter, compared to the consensus estimate of $385.45 million. During the same quarter in the previous year, the business posted $1.73 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. On average, analysts forecast that GATX Co. will post 7.5 earnings per share for the current year.

GATX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, September 13th. GATX’s payout ratio is 33.05%.

GATX Company Profile

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.